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LILLIAN
PLACE APARTMENTS
Next Property
Location:
This development will be located
on J Street between 14th and 15th
streets in downtown San Diego. Project is four blocks from Petco Field,
the new ballpark for the San Diego Padres.
Project Description:
4 story (on
J Street ) and 3 Story new structures, plus
a rehabilitated historic 2 story building (on the corner of 14th
and J), surrounding a series of connected courtyards and recreation spaces.
There will be a subterranean garage of 75 spaces. The ground level of
the historic structure (to be slightly enlarged) will contain the project's
community center.
Background and
Status:
The property for this project consists of three
separate parcels. All three parcels were purchased in December 2003.
Lillian Place also received a $5.45 million
loan approval from the City Redevelopment Agency. Construction
began in November 2004 and is expected to be completed by Summer 2006.
Lillian Place is a joint venture between Wakeland
and San Diego Interfaith.
The unit mix is
planned as follows: 23 one bedroom, 27 two bedroom, 23 three bedroom and
1 manager's unit. Three of the 3 bedroom units will be three story townhomes,
suitable as a live /work environment, targeted to 110% AMI households.
The community center
will include the property manager's office, a computer learning center
and and other resident services activities to be determined when the project
is built.
A separate room
will be set-aside to show an exhibit commemorating the history of the
site (to be open to the public on a scheduled basis) and would be used
for a variety of resident activities.
Property Management:
San Diego
Interfaith Property Management
Financing Sources:
Financing sources are the City
of San Diego (NOFA funding), 9% tax credits, Affordable Housing Program
funding, Wells Fargo Bank construction loan, CCRC permanent financing.
Residential
Services:
Resident
services will be tailored to the residents of Lillian Place and may include
after-school programs, adult job-skills education and computer classes.
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